Mumbai is often referred to as the City of Dreams. It is a sprawling, ever-growing, evolving metropolis showcasing India's best. Mumbai is where you are likely to find industrious people who commute long distances daily to their jobs, live in vibrant but modest little apartments, and live a life of hard work and resilience. It is also the city of the ultra-rich, whose lives showcase the best of Bollywood's glitz and glamour. It is a city of extremes, a potpourri of cultures, and a medley of lifestyles. Each neighbourhood of Mumbai is a city unto itself. However, if there is one Mumbai Suburb that showcases the best of all these various colours, cultures and lifestyles, Andheri East has to be it.
Andheri East is the neighbourhood of choice for most Mumbaikars. This suburb redefines comfort, sophistication, urban living, and glamour in a way that makes it a favourite of both real estate developers and prospective home buyers. Buzzing with business events and entrepreneurial ventures, Andheri is perhaps the most hip and happening place in Mumbai. This locale is home to a number of media professionals, artists, business entrepreneurs and socialites. Andheri East has been attracting the best of Mumbai, both in terms of investment and infrastructure.
Let's take a look at the factors that make Andheri East the top choice for home buyers and understand the things to look out for, while investing in a residential project in this neighbourhood.
Why pick Andheri East?
1. Connectivity: If you think the local commute in Mumbai is a drain on time and resources, consider Andheri East. The excellent connectivity of this suburb is its greatest claim to fame. This is an exciting place with Andheri West, Goregaon East, Povai, and Vile Parle as their neighbours. The Western Express Highway, Andheri-Kurla Road, Jogeshwari Vikhroli Road, and the NH8 make it easy to get to other parts of Mumbai within minutes. Both the Harbour Line and the Western Railway Network plug Andheri East into the extensive suburban rail network, while the upcoming Metro lines 7 and 7A will soon start serving the residents of this suburb. In addition, the Chhatrapati Shivaji International Airport is located in Andheri East, and the airport commute is a breeze for residents.
2. Infrastructure: Bombay Cambridge International School, Podar International School, and Jamnabai Narsee School are some of the top schools in Andheri, while B P Marine Academy, Chanakya Institute Of Management Studies, Eden Jr College Of Science And Commerce, and Federation Of Indian Pilots Institute Of Aviation And Aviation Safety are among the top colleges and vocational training institutes in the vicinity. Andheri East has received much attention from the city administration over the past few years. The roads, utility services, and infrastructure are highly developed, making it the dream locality for homebuyers in Mumbai.
3. Lifestyle: More than anything else, Andheri East is an opportunity to embrace a comfortable yet sophisticated lifestyle. The numerous quaint cafes, restaurants showcasing culinary delights from across the world, and entertainment centres are what young professionals and families are looking for. Studio apartments, 2 BHK flats, and designer flats for sale in Andheri East attract young buyers who are looking to put down roots and grow as part of a community. Being able to step out for dinner and rub shoulders with some of Bollywood's top stars and actors is a definite bonus. Andheri is all about keeping it cool and casual!
4. Returns: Buying a home is a declaration of your success. It is a symbol of success and an achievement we dearly cherish. But it is important to remember that investing in real estate is also a major financial decision. Therefore, the ROI is a major consideration in this decision. The average rental income for homeowners in Andheri East is about INR 45000 per month. Property values in the suburb have nearly doubled in the past few years making it very attractive as an investment option.
What to look for in your Andheri East project?
- Developer – Like in any other real estate investment, the developer and the builder's brand offer a commitment to quality and timely delivery. This is also a good significator of the increase in asset value and ROI if you choose to sell your property.
- Unit specifics – Andheri is an upscale neighbourhood, but being an old residential suburb, it is rare for homeowners to opt for large spacious units. Before investing, it is important to look for specifics like carpet area, common spaces, and Vastu compliance (if it is on your list of priorities).
- Project location and amenities – If you travel often, you may want to check for proximity to the airport, or if you are a young family, you may want to be within walking distance of your child's school. Andheri as a whole is very well developed, but the project's location may be important to your lifestyle. Before investing, it is also important to check for the facilities and amenities offered by the complex.
Andheri East is indeed one of the most coveted residential neighbourhoods of Mumbai. Deciding to make it your home brings together the best lifestyle choices and financial investment.
